Mortgage lenders increased fixed mortgage rates by roughly .20% this week. This was expected with the Bond yields moving up last week. Over the past year fixed mortgage rates have fluctuated up and down by roughly .80% from 3.79% to 4.59% but overall remained flat i.e. the trend has not changed. The question that everyone is asking now, is the trend finally breaking into a upward trend in both fixed and the variable lending rate. This remains to be seen. Just as we think the trend is breaking and moving up we get a bad piece of economic news which corrects the trend.